The International Monetary Fund (IMF) has forecast global growth to contract by 3 per cent in 2020, meaning the downturn will be the worst since the Great Depression of the 1930s. Photo: Reuters The International Monetary Fund (IMF) has forecast global growth to contract by 3 per cent in 2020, meaning the downturn will be the worst since the Great Depression of the 1930s. Photo: Reuters
The International Monetary Fund (IMF) has forecast global growth to contract by 3 per cent in 2020, meaning the downturn will be the worst since the Great Depression of the 1930s. Photo: Reuters

Coronavirus: China, Asia manufacturing recovery to be short-lived with 2020 growth set to grind to a halt

  • Asia-Pacific growth is set to be zero, worst than the global or the Asian financial crisis’, says International Monetary Fund Asia and Pacific Department chief
  • Changyong Rhee says any recovery in the manufacturing sector in China and the rest of Asia needs to be viewed with caution

Topic |   Coronavirus pandemic
The International Monetary Fund (IMF) has forecast global growth to contract by 3 per cent in 2020, meaning the downturn will be the worst since the Great Depression of the 1930s. Photo: Reuters The International Monetary Fund (IMF) has forecast global growth to contract by 3 per cent in 2020, meaning the downturn will be the worst since the Great Depression of the 1930s. Photo: Reuters
The International Monetary Fund (IMF) has forecast global growth to contract by 3 per cent in 2020, meaning the downturn will be the worst since the Great Depression of the 1930s. Photo: Reuters
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